HomeLight

MAY 28, 2021

Issues beneath the flooring or behind the drywall won’t be uncovered by a regular inspection, but inspectors will alert buyers of any questionable, tell-tale signs that may need to be further investigated by a specialist. Many new construction homes come with a home warranty from the builder. Look closely at your inspection.

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HomeLight

AUGUST 16, 2021

And if your house is close to a flood zone, but not technically in a flood zone, it’s wise to talk to your insurance agents about purchasing supplemental flood insurance … just in case! Mitigate the potential for any nasty surprises later by keeping tabs on the title review before closing. Get an inspection before you make an offer.

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HomeLight

MARCH 23, 2021

We constructed the go-to guide on what a real estate agent actually is and how he or she can help your homebuying experience. When the offer is accepted and a closing date is set, your agent becomes a traffic cop of sorts. Your agent will be next to you at the closing table. Still undecided? Source: (Leon / Unsplash).

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HomeLight

OCTOBER 13, 2021

You’ve made it through the most challenging part of the homebuying process , and closing day is finally approaching. As you count down the days until you’re sitting across that big table with a pen in your hand, ready to sign all of those closing documents for buyers, you might want to reel in your excitement. Closing Disclosure.

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HomeLight

MARCH 30, 2021

Your agent will usually include an inspection contingency in your purchase offer, one that states you have the right to opt out of the purchase for inspection-related issues during the due diligence period. In some cases, you might be able to ask the seller to make repairs in regards to the inspection.

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HomeLight

MARCH 17, 2021

What is a home inspection? A home inspection is a close look at the house’s details, conducted by a trained professional. An inspection is a standard part of most real estate contracts. All windows and doors should open, close, and lock easily. Toilets must also be sturdy in construction and secured to the floor.

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HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. In other words, “pending” is the next step after “contingent.”

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HomeLight

MARCH 6, 2023

The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Loans are between 3%-3.5%

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HomeLight

SEPTEMBER 1, 2022

However, smaller projects like replacing gutters or adding a fence could also be considered unpermitted additions if your area’s zoning or building boards require owners to acquire a permit before beginning construction. “It Building codes are minimum standards that ensure public health and safety. Ask your home inspector.

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Renovation Inspection Inspection contingency Construction 92

HomeLight

AUGUST 9, 2022

To make a long story very short, your down payment is officially due at the time of closing. So the down payment is due at closing? Down payments are always due at the time of closing,” says Jeremy Larsen , a Dallas -based real estate agent with 13 years of experience. Jeremy Larsen. Real Estate Agent. Jeremy Larsen.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 94

HomeLight

SEPTEMBER 15, 2021

Read on to learn more about the main documents* you’ll need for an airtight, legally sound home closing, as well as the bonus resources you’ll get if you do decide to work with an agent after all. To maximize gains and preempt any pain, round up these documents before you list for a seamless selling process and closing.

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Purchase and sale agreement Inspection Title Pre-approval 113

HomeLight

SEPTEMBER 1, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. As far as home styles go, new construction is trending toward a country style, says Raymer.

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Earnest money deposit FHA loan Purchase and sale agreement Title 77

HomeLight

JANUARY 6, 2021

What is a home inspection? When you make an offer on a home, your agent will probably advise you to include an inspection contingency. Specialized inspections will add to the overall cost. Do you still need a home inspection? Even a new construction home could have issues if the contractor cuts corners.

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Inspection Inspection contingency VA loan New Construction 68

HomeLight

DECEMBER 23, 2021

Most cities and municipalities adopt a set of universal building codes for residential construction that are developed and updated by the International Code Council (ICC), collectively referred to as the International Residential Code (IRC). Rooms added after original construction – Work must be permitted and meet building code.

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HomeLight

SEPTEMBER 29, 2021

Construction of new buildings with high price points and several restaurants have also emerged. Many direct buyers purchase your home as-is for cash, closing the sale in a matter of days or weeks, compared to the months it can take to sell your home on the open market. Parks and beaches have been revamped.

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Inspection Inspection contingency Agents Closing 72

HomeLight

DECEMBER 29, 2021

Construction details (type of foundation, type of materials used). For example, it took a median of 30 days to close on a home in July 2021 , according to a National Association of Realtors survey. Low appraisals are common in a hot seller’s market because appraisals on comparable properties may have closed before the market changed.

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Purchase and sale agreement VA loan Loans Agents 105

HomeLight

FEBRUARY 28, 2021

To put this low tax rate in perspective, New Jersey has the highest effective rate on owner-occupied property at 2.21% , followed closely by Illinois at 2.05%, according to the Tax Foundation. New homes are in huge demand in SLC and the supply is low, but construction is booming and more houses are hitting the market.

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Marketing Inspection Inspection contingency Due diligence 54

HomeLight

AUGUST 17, 2020

So we were really tracking the environment and how it was changing quickly very closely. And then there’s kind of been a consistent lack of new construction coming into the mix for years. But one thing they’ve all said as well is that it scares them if buyers want to go so far as to waive fee inspection contingency.

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Marketing Agents Inspection As-is 101

HomeLight

FEBRUARY 27, 2023

I mean, you take close-up pictures of the front of the cabinets in the kitchen. Everything is collected at the close of escrow. Now, if I were to say there’s one thing that I’ve seen in San Francisco real estate in the last 20 years that has dictated everything we do, it is simply all the new construction.

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HomeLight

AUGUST 12, 2022

Skip repairs and close in as few as 10 days. Real estate attorneys are not considered essential for closing in the state of California. Rooms or construction completed without a permit or non-compliant with building codes. These companies can help sellers cash out quickly and many will cover a seller’s closing costs.

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Marco Santarelli

AUGUST 2, 2020

percent and closed sales were down 1.1 The third week of June closed with a median sale price of $700,000 for a 3% week-over-week gain. About 1 percent of Redfin customers waived either a financing or inspection contingency last month. Closed sales dropped by 46.4% The overall median sales price increased by 5.7

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